Japan's Gold Market Transformation: From Major Importer to Net Exporter Japan, once a dominant force in global gold importing during the 1980s and 1990s, has undergone a significant shift in its gold market dynamics. This change was initially influenced by the introduction of a consumption tax and further accelerated after the collapse of Japan’s economic bubble in the 2000s. The country, which used to import gold extensively from various international sources, has now become a net exporter, primarily to Asia and London. This shift is exemplified by the author’s experience at a Tokyo bank branch, where gold was mostly exported during their tenure. The evolving consumption tax, rising from 3% in 1989 to 10% in 2019, plays a complex role in this transformation. Although the tax is refunded upon selling gold, theoretically not impacting gold investment negatively, it has indirectly contributed to Japan’s transition from a major gold importer to a net exporter. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Fed Chair Balances Inflation Fight with Economic Growth in Congressional Testimony READ MORE Currency Heat Map Provides Insight into Forex Market Dynamics READ MORE Banks Offload Bonds at a Loss, Betting on Future Fed Rate Reductions READ MORE Bullion Bulls Eye $3,000 as Fed Signals Policy Shift READ MORE ZeroHedge: Speculative Froth Departing Gold as China Tightens Trading Conditions READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment